Weekly Watch List


AAPL (4/29/12, +0.22%)
ALXN (7/24/11, +68.45%)
GNC (7/01/12, -3.95%)
ROST (7/22/12, +0.00%)
DG (4/8/12, +10.84%)
TJX (3/25/12, +14.70%)
DLTR (7/08/12, -5.36%)
MNST (10/16/11, +37.71%)
MA (9/24/11, +25.55%)
TFM (6/17/12, +0.25%)
VAL (7/01/12, -2.57%)
ULTA (4/8/12, -7.90%)
VRSK (7/15/12, -2.17%)

Additions:
VRSK (7/15/12, +0.00%)

Subtractions:
ROST (7/22/12, +0.00%)

Last week, the major U.S. indexes tread water. The Nasdaq added 0.6%, S&P 500 and the Dow each gained 0.4%, and the NYSE composite finished unchanged. The IBD outlook briefly changed to “confirm uptrend” on Thursday, but then immediately retreated back to “uptrend under pressure” after Friday’s session. Bad news from Europe is back in the driver’s seat, exercise appropriate caution. If I had to guess, I’d say we’re headed for another correction before another uptrend.

It’s obviously not the best time to make new purchases, but if you must, this week three watch list stocks are at or near proper buy points. ALXN, trading at $99.35, is still within 5% of a $95.11 buy point off of a 4th stage flat base. ROST, trading at $67.41, is still within 5% of a $64.89 buy point off of a 5th stage flat base TJX, trading at $44.31, is still within 5% of a $42.91 buy point off of a 2nd stage flat base.

/as usual, your mileage may vary, always do your own homework

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